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ROBBINS v. ALIBRANDI

No. A104324.

25 Cal.Rptr.3d 387 (2005)

127 Cal.App.4th 438

Janet ROBBINS et al., Plaintiffs and Respondents, v. Joseph ALIBRANDI et al., Defendants and Respondents; Angelo Perone et al., Objectors and Appellants.

Court of Appeals of California, First District, Division One.

February 4, 2005.

Attorney(s) appearing for the Case

Charles D. Chalmers, for Objectors and Appellants.

Lerach Coughlin Stoia & Robbins, Frank J. Janecek, Jr., Kevin D. Green, San Diego, Patrick J. Coughlin, San Francisco, Bushnell, Caplan & Fielding, Alan Mayer Caplan, Rossbacher Firm, Henry H. Rossbacher, Los Angeles, for Plaintiffs and Respondents.

Heller Ehrman White & McAuliffe, Robert A. Rosenfeld, Laurence A. Weiss, Nicole M. Ryan, San Francisco, for Defendant and Respondent Bank of America.

Morrison & Foerster, Melvin R. Goldman, Judson E. Lobdell, San Francisco, Evan L. Land, Sacramento, Jack Londen, San Francisco, for Defendants and Respondents Alibrandi et al.

STEIN, J.

Plaintiffs, stockholders of BankAmerica Corporation (BankAmerica), brought a shareholder derivative suit on behalf of BankAmerica, against a number of former members of the board of directors of BankAmerica and Security Pacific Corp. (Security Pacific), alleging, generally, that defendants had mismanaged both companies, with the result that the companies ultimately paid $187.5 million to settle claims by the State of California and the City of San Francisco...

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